Addressing the first Leaders’ Summit of I2U2 (India, Israel, UAE & USA) virtually, Prime Minister Narendra Modi said that the member nations have agreed to increase joint investments in six areas.
He asserted that the new grouping will make an important contribution in the fields of energy security, food security and economic growth.
I2U2 is a new grouping of Israel, India, the United States and UAE that is looking to spur joint investments in water, energy, transportation, food security, and more.
“From this very first summit, I2U2 has established a positive agenda. We have identified joint projects in various sectors and prepared a roadmap to go ahead,” PM Modi said.
He added, “Under the I2U2 framework, we have agreed on increasing the joint investment in six important areas of water, energy, transport, space, health and food security. It is clear that the vision and agenda of I2U2 are progressive and practical.”
The Prime Minister said that by mobilising the mutual strength, capital, expertise and markets, the group can make important contributions to the global economy. Amid increasing global uncertainty, the cooperative framework is also a good model for practical cooperation, PM Modi said.
